需求疲软信号愈发清晰，高盛大砍特斯拉交付预期

Group 1 - Goldman Sachs significantly lowered Tesla's Q2 delivery forecast from 410,000 to 365,000 units, indicating weakening demand and increasing competition [1][2] - The report highlights a systematic deterioration in consumer sentiment towards Tesla, particularly in North America and Europe, with notable declines in brand awareness and purchase intent [2][3] - UBS analysts echoed Goldman Sachs' concerns, warning of declining consumer enthusiasm for the Tesla brand and maintaining a sell rating with a 12-month target price of $190, which is 33% lower than the recent closing price [7] Group 2 - Goldman Sachs revised its long-term delivery expectations downward for the next three years, with 2025 deliveries adjusted from 1.7 million to 1.575 million, 2026 from 1.95 million to 1.865 million, and 2027 from 2.2 million to 2.15 million [4] - The earnings per share (EPS) estimates were also reduced, with 2025 expectations lowered from $1.25 to $1.10, 2026 from $2.15 to $2.05, and 2027 from $3.10 to $3.00 [4] - Despite the negative outlook from some analysts, Wedbush Securities raised its 12-month target price for Tesla from $350 to $500, citing the upcoming launch of the Cybercab as a significant catalyst [8]